The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX's share price crossed below its 200-day moving average during trading on Thursday following a weaker than expected earnings announcement. The stock has a 200-day moving average of C$156.90 and traded as low as C$136.04. The Descartes Systems Group shares last traded at C$138.95, with a volume of 660,083 shares trading hands.
The company reported C$0.41 EPS for the quarter, missing analysts' consensus estimates of C$0.59 by C($0.18). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period last year, the business earned $0.43 earnings per share.
Insider Buying and Selling
In other news, Senior Officer Edward Ryan sold 17,286 shares of The Descartes Systems Group stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of C$143.03, for a total transaction of C$2,472,433.87. 0.02% of the stock is owned by insiders.
The Descartes Systems Group Stock Down 12.1%
The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of C$148.82 and a 200-day simple moving average of C$156.90. The company has a market capitalization of C$8.42 billion, a P/E ratio of 61.03, a P/E/G ratio of 2.39 and a beta of 0.74.
About The Descartes Systems Group
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The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions).
Further Reading
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